Sheela Foam Limited — Board Meeting, 14-05-2025: Outcome of Board Meeting

Sheela Foam has announced a board meeting on approval of the audited consolidated financial results for the quarter and year ended March 31, 2025. Revenue rose to ₹3,439 Cr from ₹2,982 Cr last year, while profit after tax slipped to ₹96.7 Cr from ₹184 Cr, affected by one-off items. EPS stands at ₹8.84. The board approved 3,762 ESOP grants and allotted 8,655 shares to employees. CEO Nilesh Mazumdar resigned, with Managing Director Tushaar Gautam stepping in as acting CEO. The company received ₹45.7 Cr in government grants for capital investments. Subsidiaries’ mergers are pending approvals.